IWMA Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10060168

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		10,190
Tangible Assets	5		11,997		12,080

			11,997		22,270
CURRENT ASSETS
Debtors	6	99,602		88,406
Cash at bank and in hand		292,927		684,426

		392,529		772,832
Creditors: Amounts Falling Due Within One Year	7	(103,164 )		(478,824 )

NET CURRENT ASSETS (LIABILITIES)			289,365		294,008

TOTAL ASSETS LESS CURRENT LIABILITIES			301,362		316,278

Creditors: Amounts Falling Due After More Than One Year	8		-		(17,342 )

NET ASSETS			301,362		298,936

Income and Expenditure Account			301,362		298,936

MEMBERS' FUNDS			301,362		298,936

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IWMA Ltd

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr John Large

Director

24/06/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

IWMA Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 10060168 . The registered office is 64 Britannia Way, Britannia Enterprise Park, Lichfield , Staffordshire, WS14 9UY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income and expenditure account over its estimated economic life of 5 years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are software. It is amortised to income and expenditure account over its estimated economic life of 5 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.

2.7. Taxation

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

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IWMA Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

4. Intangible Assets

	Negative goodwill	Website	Total
	£	£	£
Cost
As at 1 October 2024	(804,078 )	67,300	(736,778 )

As at 30 September 2025	(804,078 )	67,300	(736,778 )

Amortisation
As at 1 October 2024	(804,078 )	57,110	(746,968 )
Provided during the period	-	10,190	10,190

As at 30 September 2025	(804,078 )	67,300	(736,778 )

Net Book Value
As at 30 September 2025	-	-	-

As at 1 October 2024	-	10,190	10,190

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 October 2024	14,612	14,173	28,785
Additions	-	2,925	2,925

As at 30 September 2025	14,612	17,098	31,710

Depreciation
As at 1 October 2024	11,651	5,054	16,705
Provided during the period	740	2,268	3,008

As at 30 September 2025	12,391	7,322	19,713

Net Book Value
As at 30 September 2025	2,221	9,776	11,997

As at 1 October 2024	2,961	9,119	12,080

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	30,872	22,127
Rental deposit	295	295
Other debtors	68,435	65,984

	99,602	88,406

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IWMA Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	27,063	46,072
Bank loans and overdrafts	32,042	44,767
Other creditors	37,871	384,106
Taxation and social security	6,188	3,879

	103,164	478,824

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	17,342

9. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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